Theft is becoming a big problem for retailers, especially as margins show signs of slowing in the current economic environment. According to the National Retail Federation's Retail Security Survey, retail "shrink" is now an almost $100B problem, up from $94.5B in losses in 2021, and $90.8B in 2020. While "shrink" encompasses many types of losses like gift card fraud and inventory mismanagement, it is primarily driven by external theft, which has prompted companies to boost their budgets for loss prevention and technology.

Supply chain disruptions are still very real for companies and their investors. Airbus has become the latest firm to roll back targets for 2022, saying its guidance for "around 700" commercial aircraft deliveries is now out of reach. It's the second time the European plane-maker has lowered its delivery forecast, originally predicting 720 handovers before cutting its guidance in the summer.

Morgan Stanley cut about 2% of its staff on Tuesday, according to people with knowledge of the layoffs. Morgan Stanley is following rival Goldman Sachs and other firms including Citigroup and Barclays in reinstating a Wall Street ritual that had been put on hold during the Coronavirus pandemic: the annual culling of underperformers. Banks typically trim 1% to 5% of those they deem their weakest workers before bonuses are paid, leaving more money for remaining employees.